Zanett Signed Record Contracts in Q2

Zanett, Inc. ZANE announced today that Q-2 2010 was a record quarter for the firm with respect to the rate of contracts closed in a quarterly period. Between the period of April 1, 2010 and June 30, 2010, over $20.6 million in new business has been closed. This amount is comprised of 50 different customers, with the largest customer being responsible for a $7.5 million mandate previously announced. Year-to-Date, over $37.7 million of new business has been signed. The bulk of this revenue is expected to be realized within the next 12 months. RECORD QUARTER Dennis Harkins, President and CFO of Zanett, said, "In its 10 years of existence, Zanett has never been better... Q2 is another record quarter for Zanett, and I am very excited about our prospects. The investment and effort we undertook in 2009 are finally beginning to paying off handsomely in 2010, and will continue well beyond. This is our 3rd consecutive record quarter, and the future of Zanett has never looked better. We like to balance revenue growth with investment spending, and we will continue to do so, to fuel the future."